2023 Forbes Media LLC. [106][107], In 2013, Apollo acquired Pitney Bowes Management Services (PBMS) for $400 million. [50], In May 2006, Apollo announced the acquisition of Rexnord Corporation, a manufacturer of precision motion-technology products, primarily focused on power transmission, from private-equity firm The Carlyle Group for $1.825 billion. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. At Apollo, we have built out an entire ecosystem around empowering retirees. Following the purchase, Apollo ordered a new ship for Regent. As the United States housing market correction accelerated in 2008, Realogy faced financial pressures due to its debt load. Other founding partners included Michael Gross and Antony Ressler, who worked as a senior vice president in Drexel's high-yield department. Aug 28, 2018 . Their most recent investment was on Apr 17, 2023, when Cengage Group raised $500M. Our Hybrid business provides companies with flexible equity and debt solutions at scale and invests in all market environments. Rackspace was started by founders as an application developer but later the company became a cloud computing company. All values as of most recently reported quarter unless otherwise noted. Labor Risks. Apollo Global Management invests in credit, private equity, and real assets. Management speaks about work life balance all the time but keeps a very lean accounting/finance group that is often working well past 9 PM nearly all year long. [85], During the financial crisis of 20072008, several of Apollo's investments came under pressure. Apollo is a high-growth alternative asset manager. notable investors of these companies, their management team, and recent news are also included. [55], In August 2006, Apollo launched a $2 billion vehicle in Europe, AP Alternative Assets. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. [103][104][105], In November 2012, Apollo acquired McGraw-Hill Education for $2.5 billion. The reskilling challenge: How can we leave no one behind in the energy transition? Yahoo Inc. mainly focuses on media and online businesses. Tronox has hired advisers to consider the bid and has yet to decide on its next steps, the sources added.
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